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Island-based Validus Holdings has splashed out $127.5 million to buy up a US specialist crop insurer. The firm and American Archer Daniels Midland Company have struck a deal for Validus to take over its Crop Risk Services arm, based in Illinois. CRS ...

The Dining Room at Gibbs Hill Lighthouse is to reopen tomorrow after major renovations. The Southampton restaurant, known for its breathtaking views as well as fine dining, has been shut for four months for a revamp. Odilio Angeli, head of Dining Ber...

A new educational award worth a total of $90,000 is to be set up to mark the 40th anniversary of the Association of Bermuda International Companies education scheme. The Abic Educational Awards Alumni Award will be funded by a “give back” campaign wh...

Retail sales hit $96.4 million last November — a 4.9 per cent increase on the $91.9 million for same month in 2015. All sectors in the Retail Sales Index survey experienced increases, with the exception of clothing stores, where sales revenue decline...

It was a quiet day on The Royal Gazette/BSX Index, which was unchanged at 2,023.6. The only stock that traded was Butterfield Bank, with 3,213 shares changing hands, but no change to the closing price of $33.50. On the New York Stock Exchange the ban...

An international bid to attract millennials into the insurance business starts tomorrow. The second annual Insurance Careers Month aims to use young professionals already in the business to beat the drum for the industry. Organisers of the event have...

Shareholders of Endurance Specialty Holdings Ltd have backed the company’s $6.3 billion takeover by Japanese insurance giant Sompo Holdings. In a short statement issued on Friday, the Bermudian-based insurer and reinsurer said common and preferred sh...

Butterfield Bank’s share price surged 4.7 per cent last week to propel The Royal Gazette/BSX Index past the 2,000 mark. The bank closed the week at $33.50, up $1.50 during the five days of trading. The spike came as 17,719 shares changed hands. Butte...

Long-time fishing tackle store owner Bobby Rego is to retire — and he’s put his 40-year-old business up for sale. Mr Rego, a prize-winning fisherman, said at the age of 72, it was time to cut bait and sell off his Flybridge Tackle. He added: “After 4...

The sales office has opened for luxury homes at The Cove, part of the massive redevelopment of Morgan’s Point in the West End. And the first of what will be 149 Ritz-Carlton Reserve Residences at the renamed Caroline Bay resort is expected to be comp...